Usio Q2 revenue down 6% to $20.1M, lowers FY2024 revenue guidance to 3-7%

Usio, Inc.

2024-Q2 EPS reported -$0.01 revenue$41,050,274

Net income $0.1M ($0.00 EPS) vs $0.2M ($0.01 EPS) a year ago; adjusted EBITDA $0.8M down from $1.3M.
Total payment dollars processed up 29% YoY to $1.7B; prepaid card load volume up 55% to record $133M.
FY2024 revenue growth guidance lowered to 3-7%; EPS guidance cut to $0.0-$0.03 per share.
FY2024 adjusted EBITDA guidance raised to $4.25M-$5.0M; cash balance $7.5M, up $1.0M YoY.
CEO cites slower PayFac ISV implementations for guidance cut; backlog of $1.4B in potential processing dollars.

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